Sunset Studios Pivots From Plan To Develop Major Soundstage Complex Outside US
The title of this post, is the same as that of this article on the Hollywood Reporter.
This is the sub-heading.
Operator Hudson Pacific and investment giant Blackstone had envisioned a 91-acre site in North London to have 21 soundstages totaling 470,000 square feet.
These two paragraphs give more details.
Plans have been formally put on hold for a 91-acre film and TV soundstage complex outside of London that had been billed as a major foray for the Sunset Studios brand outside the United States.
Sunset Studios, owned by operator Hudson Pacific along with significant investor Blackstone, had announced the project in 2021 during what may have been the height of the streaming content spending boom on film and TV projects.
This Google Map shows the site today.
Note.
- The North-South road is the A10.
- The roundabout , is where Winston Churchill Way meets the A10.
- The dual-carriageway going West from the roundabout is Lieutenant Ellis Way.
- Construction of a data centre for Google seems to have started to the North-West of the roundabout.
- Lieutenant Ellis Way would have separated the data centre from the studios.
In Google Starts Building £790m Site In Hertfordshire, I say more about building the data centre.
This Google Map shows the area South of the roundabout, where Winston Churchill Way meets the A10.
Note.
- The North-South road is the A10.
- The green patch of land to the South-East of the roundabout where Winston Churchill Way meets the A10 appears to be ripe for development.
- Looking at the green patch with a higher resolution, the land is little more than high class scrub beloved of newts.
- The London Overground line to Cheshunt runs down the East side of the site.
- To the North, the London Overground crosses Winston Churchill Way to get to Theobalds Grove station.
- To the South, the London Overground crosses the M25 to get to Turkey Street station.
- The M25 runs across the bottom of the map, through junction 25.
- The site to the West of the A10 between the two roundabouts, was the site reserved for Sunset Studios.
- The site appears to have been concreted.
What is going to happen to the Sunset Studios site now?
Blackstone Secures Approval For $13bn Hyperscale Data Centre In UK
The title of this post, is the same as that of this article in Private Equity Insights.
This is the sub-heading.
Blackstone has received approval from Northumberland County Council to move forward with its $13bn hyperscale data centre project in North East England.
These three paragraphs add detail.
The investment marks a major push by the private equity giant into the fast-expanding digital infrastructure sector, as demand for data storage and cloud computing surges.
The project, covering 540,000 square metres, represents one of the largest data centre developments in Europe. It is expected to bring significant economic benefits to the region, creating 1,200 long-term construction jobs, hundreds of permanent operational roles, and up to 2,700 indirect positions.As part of its commitment to the local economy, Blackstone has pledged £110m to support job creation and economic growth along the Northumberland Line, a newly launched railway corridor. Find out more and meet Blackstone at the Italy Private Equity Conference in Milan.
The Northumberland Line cost £300 million to build. Adding £110 million for job creation and economic growth looks to be a good return for the North-East.
Conclusion
As we have the power, perhaps we should add a few more hyperscale data centres around our coasts.
Blackstone Acquires Battery Energy Storage Firm NRStor
The title of this post is the same as that as this article in IPE Real Assets.
The Blackstone Group is on of the largest alternative investment firms in the world, so the title of the post says it all.
I believe that we need masses of energy storage to fight global warming and it looks like Blackstone are building a portfolio.
The Anonymous Widower 